While leading indicators seem to be suggesting both that the U.S. economy is headed for a downturn and that price pressures are cooling, the Federal Reserve seems determined to wait Read more
Tag: Citi
Citi says investors have up to six weeks to keep squeezing the bears after the inflation surprise
Well, that was something. Inflation came in a bit below forecast, and then the rockets came out — the best one-day percentage rise for the S&P 500 SPX since April Read more
Traders are loading up on bets against the stock market — and this time, it’s not a contrarian signal, says Citi
Markets continue to absorb the reverberations from this week’s Federal Reserve policy decision. The S&P 500 SPX, -1.06% has given up a chunk of its latest rally after Chair Jerome Read more
Amex stock downgraded at Citi as recession fears loom
American Express Co. caters to more affluent consumers, and the company has been upbeat in recent months about the way its business has held up amid challenging economic conditions. But Read more
JPMorgan, Citi, Morgan Stanley and Wells Fargo kick off bank earnings season in choppy waters
JP Morgan Chase & Co., Citigroup Inc., Wells Fargo & Co. and Morgan Stanley kick off the third-quarter bank earnings reporting season on Friday, Oct. 14 amid some of the Read more
Citi taking $170 mln in costs for winding down Russia retail business
Citigroup Inc. C, +0.12% said Thursday it’ll wind down its retail operation in Russia in a move that it expects will affect 2,300 and 15 branches, according to a filing. Read more
U.K. inflation could surge to 19% by next year, Citi economist says
Just as consumers are getting used to double-digit inflation, a new forecast says U.K. inflation could reach 18.6% early next year. The eye-popping forecast, from Citi chief U.K. economist Benjamin Read more
The red flag that preceded a halving of global equities in 2000 and 2007 is back, warns Citi
We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Read more
Why Roku’s stock deserves a fresh look, according to Citi
Roku Inc. shares got punished last week after the company delivered a disappointing set of earnings and forecasts, but Citi Research analyst Jason Bazinet doesn’t think the company’s business is Read more
Apple price target cut to $175 at Citi, which offers five reasons to keep buying the stock
Cautious consumers, macroeconomic worries and continued supply chain bottlenecks are going to work against Apple Inc. in the near term, but don’t give up on shares now. That’s the view Read more
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